time discounting

giving less weight or importance to future events than to present events, often in connection with the utility values associated with these events.

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Psychology term of the day

October 18th 2024

cofigurative culture

a society or culture in which people learn chiefly from other people in the same age group, so that, for example, children learn mostly from children and young adults from young adults. Compare postfigurative culture; prefigurative culture. [coined by U.S. anthropologist Margaret Mead (1901–1978)]